SPK - Spark NZ

[Basil]

Amazing how quickly a stock can become a dog of a stock ......and become one of those 'deep value' plays

No way SPK qualifies as deep value.  Average of all analysts has them on a forward FY25 PE of 17.4 and that's after the fall.  https://www.marketscreener.com/quote/stock/SPARK-NEW-ZEALAND-LIMITED-6492600/finances/

Deep value is single digit PE's and extreme value is single digit PE's with the genuine prospect of good earnings growth in the years ahead.  HGH and TRA are classic examples of deep value plays. I don't think deep value / GARP buying strategies is something that's well understood on here at all.  It's all TA this and TA that.  Very few have the gonads to buy without TA support and some others who follow TA seem happy to hold stocks in a well-entrenched downtrend, go figure?

[Breezy]

No way SPK qualifies as deep value.  Average of all analysts has them on a forward FY25 PE of 17.4 and that's after the fall.  https://www.marketscreener.com/quote/stock/SPARK-NEW-ZEALAND-LIMITED-6492600/finances/

Deep value is single digit PE's and extreme value is single digit PE's with the genuine prospect of good earnings growth in the years ahead.  HGH and TRA are classic examples of deep value plays. I don't think deep value / GARP buying strategies is something that's well understood on here at all.  It's all TA this and TA that.  Very few have the gonads to buy without TA support and some others who follow TA seem happy to hold stocks in a well-entrenched downtrend, go figure?

SPK is more defensive than both those stocks and thats what a lot of people want, a boring infrastructure stock that is critical for the NZ economy and keeps spitting out consistent dividends year after year. I remember when you thought that TRA and HGH were both the biggest flea infested mutts ever to draw breathe, basically absolute basket cases especially TRA.

[Basil]

SPK is more defensive than both those stocks and thats what a lot of people want, a boring infrastructure stock that is critical for the NZ economy and keeps spitting out consistent dividends year after year. I remember when you thought that TRA and HGH were both the biggest flea infested mutts ever to draw breathe, basically absolute basket cases especially TRA.

Companies change and evolve over time mate and the key is to change your investment approach to reflect fundamental changes in the business case.  TRA for example been doing amazing work with their Tina marketing campaign and nearly doubled market share in the last 4 years.  Some of us recognized the brilliance of their new marketing years ago, (I guess I was a bit fortunate to study marketing at university, so I saw the true brilliance of their new approach very early), and got on board in the big way and have done very handsomely indeed.  HGH have also changed their approach a lot in recent years with massive growth in their low risk reverse mortgage business.  I think there will be ongoing very strong growth in that in the years ahead fueled by elderly folks struggling to live comfortably.  I think they have learned their lesson with investments like Harmoney. and lending to numpties without any security.

I totally get why some people prefer boring infrastructure stocks and there's certainly no harm in having some in a well-diversified portfolio to lower one's overall risk.  Average analyst target price is fair value of nearly $5 so who knows, maybe you are overdue for a decent win and it will all come right for you.  At least with this one, you are getting a decent yield. Good luck with it.

[seaweed]

So, is this it, the turning point, or just another kitty bottom? Been in the red for a while now, hitting the year low yesterday of $4.005c. Hasn't been this low since covid scare March 2020, whether there is a rebound similar to then is another story. I do get a feeling of it been oversold.     

[Breezy]

So, is this it, the turning point, or just another kitty bottom? Been in the red for a while now, hitting the year low yesterday of $4.005c. Hasn't been this low since covid scare March 2020, whether there is a rebound similar to then is another story. I do get a feeling of it been oversold.     

Grossly oversold my friend, just overseas funds continuing to sell down due to their mistrust of the NZ economy right now, hang tight and add if you can. PS-End of the month so expect some action on close either way and its the last day of sell in May and go away today as well.

[seaweed]

Grossly oversold my friend, just overseas funds continuing to sell down due to their mistrust of the NZ economy right now, hang tight and add if you can. PS-End of the month so expect some action on close either way and its the last day of sell in May and go away today as well.

Have been catching falling knives lately and have picked 10 bottoms since 8/5/24 and 9 near bottoms which includes 2 near bottoms in last 2 days. I call it the scatter gun approach.      

[850man]

Have been catching falling knives lately and have picked 10 bottoms since 8/5/24 and 9 near bottoms which includes 2 near bottoms in last 2 days. I call it the scatter gun approach.      

I have too and bleeding red from them all. In fact bleeding red everywhere 

[seaweed]

Grossly oversold my friend, just overseas funds continuing to sell down due to their mistrust of the NZ economy right now, hang tight and add if you can. PS-End of the month so expect some action on close either way and its the last day of sell in May and go away today as well.

wow up 14.5c, is it on the turn or just....whatever. Am happy chappy with that close.   

[seaweed]

I have too and bleeding red from them all. In fact bleeding red everywhere 

You will have to be happy with that close.

[Breezy]

wow up 14.5c, is it on the turn or just....whatever. Am happy chappy with that close.   

Just the end of month book squaring Mr Seaweed with a massive volume, not expecting it to stay at this price next week without a drop first so sold a good number for a loss ready to buy back more next week.

[seaweed]

Just the end of month book squaring Mr Seaweed with a massive volume, not expecting it to stay at this price next week without a drop first so sold a good number for a loss ready to buy back more next week.

Ditto, only sold 6% of my holding. Have a good feeling about this stock after seeing buyers coming in and buying near 9,000,000 at $4.175 on close. I will also be topping up again next week on the dip. I see Aussi also looking strong and  closing up 7c to A$3.80c which is about NZ$4.11c. Am looking forward to next Tuesday to hoover up more before it takes off again to maybe $5.00 something leading up to next div in Sept.

[seaweed]

No way SPK qualifies as deep value.  Average of all analysts has them on a forward FY25 PE of 17.4 and that's after the fall.  https://www.marketscreener.com/quote/stock/SPARK-NEW-ZEALAND-LIMITED-6492600/finances/

Deep value is single digit PE's and extreme value is single digit PE's with the genuine prospect of good earnings growth in the years ahead.  HGH and TRA are classic examples of deep value plays. I don't think deep value / GARP buying strategies is something that's well understood on here at all.  It's all TA this and TA that.  Very few have the gonads to buy without TA support and some others who follow TA seem happy to hold stocks in a well-entrenched downtrend, go figure?

Hey Bas, has the worm turned. 3.91 low on 19/6/24 looks like up the last 3 days $4.50 here we come  

[Basil]

Hey Bas, has the worm turned. 3.91 low on 19/6/24 looks like up the last 3 days $4.50 here we come  

Not really following it, sorry mate.    Have a great weekend buddy.

[Mos]

Closed at $4.09. Was $4.10 a decade ago. Land crab of a share. A lot of talk and nice presentations though.

[seaweed]

Closed at $4.09. Was $4.10 a decade ago. Land crab of a share. A lot of talk and nice presentations though.

just checking the 10 year chart. It was below $3 ten years ago and in an uptrend ever since. Good buying in the $3.90 to $4.20 bracket. Very hard buying in below $4. Last time at $4 was covid scare 4 years ago. I have broken all the rules on this one, eggs in basket etc. Normally when I post on here the sp goes down which am hoping for today, am needing to buy an extra 10,000 to get to my target.